
Cheap Apartments for Rent in the Penn Draw Neighborhood of Alexandria, VA from $908 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Penn Draw area of Alexandria.


Lafayette Apartments

Cityside Huntington Metro

7278 Nittany Ln

Longview

Beacon Hill

108 N Patrick St

2059 Huntington Ave

Total Monthly Price
Mount Vernon Square Apartment Homes

Normandy Hill Apartments
Rent According to Income: A Look at Income-Restricted Rentals
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6621 Wakefield Dr

2237 Farrington Ave

Total Monthly Price
The Belhaven Apartments

The Residences at North Hill

Total Monthly Price
The Foundry

6622 Boulevard View

South Alex

Aspire Huntington Station

Rose Hill Apartments

Total Monthly Price
The Courts at Huntington Station
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2305 Farrington Ave

Lincoln Old Town

800 Carlyle

The Point at Eisenhower Square

2317 Huntington Ave, Unit 727

Total Monthly Price
Bell Old Town

1413 Belle View Blvd

6284 Rose Hill Dr

Total Monthly Price
Dylan & Reese

MAA Carlyle Square
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

211 West Street Apartments

6607 Potomac Ave

212 N Patrick St

Furnished Studio-Washington, DC - Alexandria - Eisenhower Ave.

2050 Jamieson Ave, Unit 1109

5703 Indian Ct, Unit 15

4854 Eisenhower Ave

Total Monthly Price
2712 James Dr, Unit #2

2451 Midtown Ave

7526 Coxton Ct, Unit E
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

4850 Eisenhower Ave

Mount Vernon Gardens

Carydale East Apartments

The Ellsworth

Jefferson Gardens

7009 Lamp Post Ln

Haven Huntley Meadows

Huntington Gardens Apartments

Kings Gardens

Olde Towne West
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Penn Draw, Alexandria, VA Local Guide

How much does it cost to rent an apartment in Penn Draw?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penn Draw Studio Apartments | $1,745 | $1,302 | $2,297 |
| Penn Draw 1 Bedroom Apartments | $2,092 | $1,489 | $3,125 |
| Penn Draw 2 Bedroom Apartments | $2,550 | $1,503 | $6,764 |
| Penn Draw 3 Bedroom Apartments | $2,932 | $2,280 | $4,689 |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Penn Draw Neighborhood of Alexandria, VA.
See all Apartments in AlexandriaExplore Alexandria
Penn Draw, Alexandria, VA Local Guide
- Nearby Alexandria neighborhoods
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Cheapest Available Penn Draw Apartments for Rent
 The cheapest available apartment rental in the Penn Draw area of Washington, VA is a Studio unit found at Riverside Apartments priced from $1,302. Meadow Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. Here are the most affordable Penn Draw apartments for rent in Washington, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverside Apartments | Executive Studio | S1B | Studio,1BA | $1,302 |
| Meadow Woods | Patrick Henry | 1BR,1BA | $1,399 |
| Lafayette Apartments | <h3><center><b>One Bedroom</h3></center></b> | 1BR,1BA | $1,449 |
| Cityside Huntington Metro | Studio 430 sq. ft. | Studio,1BA | $1,450 |
| Longview | 2/1/E | 2BR,1BA | $1,503 |
| Haven Huntley Meadows | 1 Bedroom | 1BR,1BA | $1,525 |
| Beacon Hill | Piper | Studio,1BA | $1,550 |
| Mount Vernon Square Apartment Homes | One Bedroom - 735 sqft | 1BR,1BA | $1,560 |
| The Belhaven Apartments | S01 | Studio,1BA | $1,652 |
| The Residences at North Hill | 1 Bedroom | 1BR,1BA | $1,656 |
Best Value Apartments for Rent in Penn Draw, VA
As of August 30, 2026 the best value apartment in the Penn Draw area is the $2.75 price per square foot 3Bedroom 1.5Bathroom Model at Cherry Arms in the in the Gum Springs neighborhood starting from $2,695. The second greatest value Penn Draw apartment is the 211-5 Model at 211 West Street Apartments starting at $2,100 with a $2.33 price per square foot in the Northeast Alexandria neighborhood. Here is today’s list of the best values for Penn Draw apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cherry Arms | 3Bedroom 1.5Bathroom | 3BR,1.5BA | $2.75 |
| 211 West Street Apartments | 211-5 | 2BR,1BA | $2.33 |
| Lafayette Apartments | <h3><center><b>Two Bedroom</h3></center></b> | 2BR,1BA | $2.07 |
| Longview | 2/1/C | 2BR,1BA | $1.89 |
| The Shelby | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.67 |
| Meadow Woods | Woodlawn | 1BR,1BA | $2.08 |
| Rose Hill Apartments | The Oronoco | 1BR,1BA | $2.79 |
| The Residences at North Hill | 1 Bedroom | 1BR,1BA | $2.48 |
| Mount Vernon Square Apartment Homes | One Bedroom - 665 sqft | 1BR,1BA | $2.50 |
| Haven Huntley Meadows | 1 Bedroom | 1BR,1BA | $2.33 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Penn Draw, Alexandria, VA
Mount Eagle Elementary School
School data provided by Great Schools
Frequently Asked Questions about Cheap Penn Draw Apartments
What is a cheap apartment in Penn Draw?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Draw is under $1,656.
What is the price of a cheap apartment in Penn Draw?
The cheapest apartment in Penn Draw is Meadow Woods which is listed at $1,399, while the average apartment in Penn Draw costs $2,141.
What types of apartments are the cheapest in Penn Draw?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Penn Draw that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Penn Draw?
Cheap apartments in Penn Draw have an average cost of $324 which is $1,817 cheaper than the average rent for all rentals in Penn Draw.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
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